Industry News

SRA Suffers PII setback

22 August 2014

The Legal Services Board has knocked back the SRA’s plans to reduce the minimum level of professional indemnity insurance required for the 2014 – 2015 indemnity year. The proposals remain under consideration but this poorly thought out and rushed aspect of the SRA’s agenda of regulatory reform remains under almost unanimous stakeholder criticism. See some of the latest legal press coverage here:

 

http://www.legalfutures.co.uk/latest-news/lsb-praised-scuppering-indemnity-cover-cut

 

http://www.legalfutures.co.uk/latest-news/sra-abandons-indemnity-cover-cut-lsb-issues-warning-notice

 

http://www.lawgazette.co.uk/law/sra-concedes-defeat-on-pii-change-this-year/5042623.article

Ian Braithwaite
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